Income Tax Act

The Income Tax Act, and Rules provides for levy, administration, collection and recovery of Income Tax.

Where any Central Act enacts that income-tax shall be charged for any assessment year at any rate or rates, income-tax at that rate or those rates shall be charged for that year in accordance with, and subject to the provisions (including provisions for the levy of additional income-tax) of, the Act in respect of the total income of the previous year of every person :

Provided that where by virtue of any provision of this Act income-tax is to be charged in respect of the income of a period other than the previous year, income-tax shall be charged accordingly.

In respect of income chargeable as mentioned-above, income-tax shall be deducted at the source or paid in advance, where it is so deductible or payable under any provision of this Act.

Notifications

Due date to file TDS Form 26Q extended to 30 Nov 22

27 Oct, 2022
Central Board of Direct Taxes, has extended the due date to file the Form 26Q for the second quarter of FY 22-23 from 31 October 2022 to 30 November 2022.
Read More →

Extension of due date for furnishing return of income AY 2022-23

26 Oct, 2022
The Central Board of Direct Taxes extends the date of furnishing of Return of Income under section 139 (1) of the Income Tax Act for the Assessment Year 2022-23, which is 31 October 2022 in the case of assessees referred in clause (a) of Explanation 2 to sub-section (I) of section 139 of the Act, to 07 November 2022.

Guidelines for Compounding of Offences under Income Tax Act, 1961

17 Sep, 2022
With a view to decriminalise certain offences & to facilitate compounding of offences under the Income-tax Act, 1961, CBDT issues fresh guidelines dated 16.09.2022.

Additional Guidelines under section 194R (2) of Income Tax Act

13 Sep, 2022
CBDT has issued some more clarifications vide its circular relating to sub-section (2) of section 194R on issues which will help to remove difficulties in implementation of this provision.

Guidelines on perquisites under section 194R (2) of the Income Tax Act

16 Jun, 2022
The Finance Act 2022 inserted a new section 194R in the Income-tax Act, 1961.
  • HR & Payroll Administration
  • What is Payroll?
  • What is HRMS?
  • What is Statutory Compliance?
  • Guide to Leave Management
  • Guide to Attendance Management
  • Holiday Lists 2021
  • Holiday Lists 2022
  • Holiday Lists 2023
  • Company
  • About Us
  • Careers
  • Media Kit
  • Plans & Pricing
  • Customers
  • Partners
  • Payroll Service Providers
  • Support
  • Contact Us
GDPR Compliant certification badge
Soc2 certification badge
Copyright © 2022 Greytip Software Pvt. Ltd.
Connect with us: